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EUR/AUD’s decline resumed last week but recovered after dipping to 1.6206. Initial bias remains neutral this week first. Outlook stays bearish as long as 1.6478 resistance holds. Firm break of 1.6206 will resume whole fall from 1.7062. Next target is 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. In the bigger picture, fall […]

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30/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 166.11; (P) 166.81; (R1) 167.39; More… Intraday bias in EUR/JPY remains neutral as consolidation continues above 164.81. Further decline is expected as long as 55 4H EMA (now at 168.63) holds. On the downside, decisive break of 164.29 support turned resistance will indicate that larger scale correction is underway for 155.91 fibonacci […]

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2816; (P) 1.2852; (R1) 1.2898; More… No change in GBP/USD’s outlook and intraday bias stays on the downside. Decisive break of 55 D EMA (now at 1.2779) will suggest that rise from 1.2298 has completed with three waves up to 1.3043 Deeper fall would be seen to 1.2612 support and below. On […]
07/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2536; (P) 1.2575; (R1) 1.2598; More… Intraday bias in GBP/USD stays on the downside at this point. Fall from 1.2731 short term top would target 55 D EMA (now at 1.2436). On the upside, above 1.2613 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as […]